The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is borrowing to build world-class infrastructure and not for recurrent expenditure.
The Minister disclosed this on Thursday in his opening address at the town hall meeting organised by his ministry on destruction of telecommunications and power infrastructure in Borno State.
The minister was reacting to critics of the government who believe that the borrowed funds were meant for recurrent expenditure.
Lai Mohammed said that contrary to what critics believed, government had achieved so much with the borrowed funds in the areas of rail line and road construction, airport upgrade and power infrastructure among others.
He lamented that the ongoing destruction of public infrastructure by hoodlums across the country, which he described as sabotage to government efforts “to fix our decayed and moribund infrastructure”.
Details later.
Vanguard News Nigeria
